--%>

Problem on economic system of a country

The economic system of a country is generally categorized according to: (1) Who makes decisions and who owns that resources. (2) Whether it is totalitarian or democratic. (3) Its per capita GDP and its currency value in the Euros or U.S. dollars. (4) Its international gratitude and balances of the payments.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Public Economics

  • Q : Unregulated market competition in

    Adam Smith’s well-known reference to an “invisible hand” implies that: (w) unregulated market competition improves economic welfare. (x) government must closely regulate monopolies. (y) pure competition is a divinely motivated market

  • Q : Problem of macroeconomics in economics

    Can anybody advise me the proper explanation for given problem regarding macroeconomics in Economics generally. In macroeconomics, where we examine all things like the: (w) problems of What, How, and For Whom. (x)

  • Q : Production in economically efficient

    Production based upon economically efficient mixtures of resources: (w) Maximizes production costs for a specified output. (x) Minimizes output from a specified cost. (y) Maximizes output or/and minimizes costs. (z) is unlikely since resources are unl

  • Q : Excessive production as a problem Can

    Can someone help me in finding out the right answer from the given options. Governments which attempt to utilize ‘needs’ or ‘equality’ as the bases for distributing goods are NOT probable to: (1) Encounter extreme production as a problem. (2) R

  • Q : Global warming Can someone please

    Can someone please explain me that global warming, litter and pollution are all examples of...(v) produced goods, (w) by-products, (x) technological spin-offs, (y) errors in judgment and (z) economic bads. How can I solve my economics problems? Please

  • Q : Requirements of each and every economic

    In contrast to free goods, each and every economic goods: (1) Raise happiness. (2) Are taxed. (3) Need large amounts of human labor to generate. (4) Entail opportunity costs? Please help me to solve the problem of

  • Q : Criterion for distributing The

    The requirements criterion for distributing income entails: (1) Government costless offering all goods required for survival. (2) High administrative costs as determining someone else’s wants are difficult. (3) Dividing the national income unifo

  • Q : Comparative Systems- Central planning

    Can someone help me in finding out the right answer from the following options. The command economy is mainly based on: (i) Laissez faire govt. policies and private property rights. (ii) ‘kolkhoz’ decision making. (iii) Well tuning production to match the

  • Q : Problem on private property rights and

    I have a problem in economics on private property rights and laissez faire. Please help me in the following question. The basics of pure capitalism comprise: (i) Social ownership of all non-human resources. (ii) Strong two party electoral system. (iii

  • Q : Classified resources within the broad

    Can anybody recommend me the proper explanation for specified problem regarding how classified resources within the broad categories: (i) Economic goods, free goods, and bads. (ii) Productive and nonproductive goods. (iii) Land, labor, capital, and en